Morning Brief
US-China talks stall as tariffs hold, Fed faces pressure, Gap warns of $300M hit
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Show notes
Today on Morning Brief, anchors Brad Smith and Seana Smith break down the top market stories and spotlight trending tickers before the opening bell. The team examines Bessent’s warning that US-China talks have stalled with Trump’s tariffs staying in effect amid ongoing legal challenges. Plus, the Fed’s preferred inflation gauge shows prices remain sticky as Trump pushes Powell for rate cuts ahead of the June meeting. And Gap (GPS) plunges after warning it could take a $300 million tariff hit, with Dell (DELL) also making moves.
Takeaways:
Bessent says US-China talks have stalled as tariffs remain in place
Fed’s inflation gauge shows stubborn prices as Trump presses Powell for cuts
Gap dives on warning of $300M tariff impact
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